Patch’s Post

Did you know that there are likely over one million undocumented orphaned oil & gas wells in the U.S. that need to be plugged? 🛢️ Great work by Heather Clancy at Trellis Group to dive into how Workday became one of the first companies to make a commitment and significant investment in the prevention of #methane emissions from leaking orphaned oil & gas wells in partnership with Tradewater and Patch. 🤝 In this case, these "superpollutants" from orphaned wells are "not going to be plugged absent of creating some form of carbon credit". ✔️ While Workday focuses on our science-based emissions reduction targets, we'll also continue to support solutions that enable high-quality #climateaction, scale catalytic projects, and help close the climate finance gap. 🌎

A great read on how Workday is working with Tradewater and Patch to plug orphaned oil & gas wells and reduce methane emissions ––

The EPA's new methane emissions rule for the oil & gas sector underscores the critical need for validated data. With strict reporting and reduction mandates, companies must ensure data accuracy to: Meet Compliance Requirements ✅ – Avoid costly penalties by maintaining transparent, verified emissions data. Build Stakeholder Trust 🌍 – Accurate data demonstrates a commitment to sustainability, reassuring investors, communities, and regulators. Drive Innovation 🚀 – High-quality data enables insights that lead to improved technologies and efficiencies in emissions reduction. https://lnkd.in/gqkC4BGF #sustainability #validateddata #methaneemissions #oilgas #ESG

Some of those $7 trillion in oil and gas subsidies can be switched to clean energy subsidies for companies that want to enter public-private partnerships to emerge as clean energy companies. There is more than one way to compost an oil company. #degrowth #climatechange

In a time of regulatory tightening, validated data isn't just a checkbox—it's essential for resilience and responsible growth. Need help ensuring your data is audit-ready? ESG Lynk is here to support your compliance and sustainability efforts. #sustainability #validateddata #methaneemissions #oilgas #ESG

Measurement, can help #sustainability efforts in the oil and gas sector. Did you know that methane is a potent greenhouse gas, with a global warming potential 25 times greater than carbon dioxide? This is why accurate measurement and reduction of methane emissions is crucial for a sustainable future. #methane #climatechange A recent study by the EPA and Department of Energy reveals that methane emissions from the oil and gas sector are significantly higher than previously estimated. This highlights the urgent need for improved measurement and reduction strategies. As highlighted in EPA and Department of Energy announce $345M to reduce methane pollution from the oil and gas sector, accurate measurement can help identify and address sources of methane emissions, leading to a more sustainable and environmentally responsible industry. Accurate measurement of methane emissions is not only crucial for mitigating climate change, but it also presents a significant opportunity for cost savings and improved operational efficiency. By implementing effective measurement and reduction strategies, companies can reduce their environmental impact while also improving their bottom line. How are you approaching this in your work? Let's discuss and share best practices for sustainable operations. Explore this further: https://buff.ly/4iSbfr6

The global green methanol market is set to soar, with an impressive CAGR of 12.82%, reaching approximately USD 387.92 million by 2028! 🚀 This growth is fueled by the rising awareness of global warming and the increasing demand for eco-friendly fuel alternatives. As climate change concerns escalate, industries are leaning towards cleaner, greener solutions. The chemical industry, a significant contributor to greenhouse gas emissions, is no exception. Enter green methanol—a promising alternative revolutionizing the sector by meeting chemical demands while minimizing environmental impact. Key players driving this transformation include OCI N.V., Methanex Corporation, Enerkem Inc., Carbon Recycling International, Södra Skogsägarna, BASF SE, Topsoe A/S, Liquid Wind AB, Eni S.p.A., ABEL Energy Pty Ltd., Thyssenkrupp AG, Nordic Green Engineering ApS, Mitsubishi Gas Chemical Co Inc, Southern Green Gas Limited, and SunGas Renewables Inc. Report Insights - https://lnkd.in/g2jAV6W6 Together, they are paving the way for a sustainable future! 🌱💡 #GreenMethanol #SustainableFuture #EcoFriendlyFuel #ClimateChange #CleanEnergy #ChemicalIndustryInnovation

World Resources Institute published a comprehensive report clearly laying out the main sources of greenhouse gas emissions: https://lnkd.in/gpU_ZNXA. Often the impact of energy use is obscured as it's split between several sectors - this report makes it clear that energy accounts for 75.7% of total emissions.

StateImpactPA/WITF: In US, Overall Emissions Down As Oil & Gas Production Rose Between 2015-2022; But In PA Region Carbon Dioxide Emissions Are Up 4%, Methane Emissions Down 25%  https://lnkd.in/egYAt9iU

Here’s another story from me about trends in green house gas emissions in the US, particularly the northeast region, as oil and gas production has gone up. TLDR: CO2 has gone up in the northeast owing to increase in combustion of fuel on sites to keep up with the production. Methane which has 28 times the heat trapping capacity, has gone down but scientists argue the numbers company report are wildly inaccurate, as seen from independent satellite measurements.